MoneyMaker FX EA Trading Robots livestream

MoneyMaker FX EA Trading Robots livestream

Forex EA Trading Robot Hvis kontosaldoen din er mindre enn 3000 USD, åpne en FBS Cent-konto via lenken nedenfor. Hvis kontosaldoen din er mer enn USD 30 000, åpne en Tickmill Pro- eller VIP-konto via lenken nedenfor.
MoneyMaker FX EA Trading Robot

Les mer
US futures ease lower ahead of the open later

US futures ease lower ahead of the open later

There’s not much in terms of headlines driving the early market moves this week but equities are perhaps looking to consolidate gains ahead of the major events in the coming two weeks. US futures are pointing to a lower start, after five straight weeks of gains. So, we might due a bit of a breather before reassessing the mood from key central bank decisions and US data to come.

S&P 500 futures are down 0.4% while Nasdaq futures are down 0.5% at the moment. Dow futures are also lower, down by 0.3% on the day.

This article was written by Justin Low at

Feed from

MoneyMaker FX EA Trading Robot

Les mer
Key Challenges Prevalent in Traditional Payments Ecosystem with Banking-as-a-Service

Key Challenges Prevalent in Traditional Payments Ecosystem with Banking-as-a-Service

The As-a-Service model has significantly shifted how services are delivered and consumed. Banking as a service enables businesses in different growth stages to integrate banking services directly into their systems, making transactions and other banking activities more efficient and user-friendly.

At the 2023 Payments Innovation Forum Summit, recently held in London, Brian Lawlor, CCO of B4B Payments (pictured above), shared valuable insights and extensive experiences on ‘The Need for BaaS in the Payments Ecosystem.’

Founded in 2006, B4B Payments enables businesses to integrate banking services directly into their systems, making transactions and other banking activities more efficient and user-friendly, allowing companies to create accounts, collect and hold funds and issue multiple VIBANS.

During Brian’s presentation, he addressed the six key challenges of traditional payments that B4B Payments is addressing with Banking-as-a-Service solutions, which include:

Access to Banking for Non-Banks: BaaS lowers the barriers to entry for non-banking businesses that want to offer financial services. Through partnerships with BaaS providers like B4B Payments, companies that do not have a banking licence can still provide their customers with banking services.

Agility and Speed: Traditional banking systems are often characterised by slow and cumbersome processes. BaaS, with its digital infrastructure, allows for much faster and more agile operations. The API integrations enable businesses to quickly implement banking services and adapt to market changes with minimal delay.

Customer Experience: The traditional banking experience could be better for customers who expect seamless and instant services. BaaS enhances the customer experience by integrating banking services directly into the platforms they already use, making banking more accessible and convenient.

Cost Reduction: Establishing and maintaining a traditional banking infrastructure is expensive. BaaS allows businesses to leverage the infrastructures of existing banks alongside the automation and digitisation of services, reducing operational costs.

Scalability: Traditional banking systems are not easily scalable. BaaS, with its modular approach, allows businesses to scale their operations efficiently. They can select and integrate the services they need and easily add or remove services as their requirements change.

Regulatory Compliance: Complying with the complex regulatory requirements in banking is a significant challenge. BaaS providers often handle compliance, reducing businesses’ burden and ensuring services are provided within the regulatory framework.

“B4B Payments takes a different approach to diverse use cases of BaaS across industry segments beyond Fintech or E-commerce, Telecommunications, Travel and Hospitality, Healthcare and Entertainment,” said Brian Lawlor, CCO of B4B Payments.

For more information about B4B Payments Banking-as-a-Service solutions, learn more here.

This article was written by FM Contributors at

Feed from

MoneyMaker FX EA Trading Robot

Les mer
Gold Technical Analysis

Gold Technical Analysis

The rally in Gold looks unstoppable as many
positive drivers keep pushing the price to new highs. Gold is correlated with
real yields and those kept on falling lately due to weakening US data that led
to a fall in inflation expectations and Treasury yields. The market might have
gone too far too fast though as the rates pricing has reached five cuts in
2024, although they can easily increase if the data worsens even more. The bias
remains bullish, and the dips will likely be bought strongly, but watch out for
a quick deterioration in the data not followed by a strong Fed reaction as that
could make real yields to spike higher and weigh on Gold like it happened in
the recent two recessions.

Gold Technical Analysis –
Daily Timeframe

On the daily chart, we can see that Gold today
spiked higher in the APAC session amid low liquidity. The move got completely
reversed soon after with a very ugly reversal candlestick that might be a bad
omen for the buyers. Such extreme moves usually happen around short term tops and bottoms,
so the buyers might want to wait for at least a pullback into the trendline
before piling in again

Gold Technical Analysis – 4
hour Timeframe

On the 4 hour chart, we can see that we have
another minor trendline around the 2040 level. The buyers could split their
position in half to enter both at the minor and major trendline as we cannot
know which level will hold. The sellers, on the other hand, should pile in at
every break lower with a break below the major trendline likely triggering a
selloff into the 1930 level.

Gold Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can see more
closely the current price action with the big spike followed by the huge
reversal. At the moment, there’s not much to do as the price is basically in no
man’s land and both buyers and sellers should wait for the market to come into
the key levels before taking new positions. A lot will depend on the economic
data this week as we get many top tier US labour market indicators, so keep a
close eye on the data.

Upcoming Events

This week we will see lots of US labour
market data culminating with the NFP release on Friday. Tomorrow, we have the
ISM Services PMI and the US Job Openings reports. On Wednesday, we will get the
US ADP data. On Thursday, it will be the time for the US Jobless Claims
figures, while on Friday we conclude the week with the NFP report. The playbook
should continue to be the same with weak data boosting Gold and strong figures
leading to pullbacks.

This article was written by FL Contributors at

Feed from

MoneyMaker FX EA Trading Robot

Les mer
Dollar keeps steady to start the new week

Dollar keeps steady to start the new week

The dollar is keeping steadier so far in European trading, as risk sentiment is looking a bit nervy to start the new week. The greenback is mostly higher across the board, only down marginally against the Japanese yen. In the bond market, Treasury yields are a touch higher so that is perhaps helping to give the greenback a bit more of a steadying hand on the session.

10-year Treasury yields are up 2.5 bps to 4.249% currently. Meanwhile, S&P 500 futures are down 0.3% so that isn’t doing much to help commodity currencies at the moment.

AUD/USD is down 0.4% to 0.6645 while USD/CAD is up 0.4% to 1.3545 as oil prices are also sitting lower on the day.

The euro continues to struggle after last week’s fall, following softer inflation data which sped up ECB rate cut odds to April next year. EUR/USD is down 0.2% to 1.0863 as the retreat from the highs around 1.1000 continue to play out for now.

There’s not much else to work with to start the new week, as market players are eyeing major central bank decisions this week and the next. Adding to that will be the US non-farm payrolls and US CPI data. As such, those will be more important risk events to drive trading sentiment, as opposed to the slower pace we’re seeing so far.

In other markets, gold is down 0.2% to $2,067 currently after a surge higher earlier today, which begs the question: Has gold peaked too early in the cycle?

This article was written by Justin Low at

Feed from

MoneyMaker FX EA Trading Robot

Les mer
Exclusive: Andrew Gibson to Launch His New CFDs Brokerage in March

Exclusive: Andrew Gibson to Launch His New CFDs Brokerage in March

Andrew Gibson, a veteran of the forex and contracts for differences (CFDs) industry, has left his executive role at Tavira Financial (previously Tavira Securities) to launch Timberfx as a Co-Founder, Finance Magnates learned exclusively. He is the major shareholder in the new brokerage brand and holds the position of Chief Executive Officer.

Timberfx to Offer Services with a Seychelles License

With an expected launch date of 1 March 2024, Timberfx is now in the process of securing a license from the Seychelles regulator.

The new brokerage brand will offer trading services with forex and contracts for differences instruments. It will also provide crypto CFDs and non-deliverable forwards (NDFs). Initially, all the trading services will be offered on MetaTrader 5, with the possibility of adding other platforms as well.

Speaking to Finance Magnates, Gibson revealed that services and support for the new brokerage will be offered from its offices in Cyprus. He is now focused on securing staff for the full-fledged start of operations from January.

“We will offer some innovative pricing structures to IBs,” Gibson told Finance Magnates, adding his platform will take a unique approach with “educational services and training” and “automated bespoke trading strategies.”

He further highlighted that it is expensive to launch a brokerage brand with costs covering license purchase, license purchase, legal fees, company incorporations, and websites.

Despite the challenges, he said he launched the brand as it “seemed like the way to get noticed as a ‘fresh face’ in a crowded market.”

A New Broker by a FX/CFDs Industry Veteran

Gibson brings 40 years of financial industry experience to his new brokerage brand. As seen on his LinkedIn profile, he started his career in the financial services industry in 1986 and spent years at many well-known brands.

He started Timberfx after spending a couple of years at Tavira Financial as the Head of Product Development for FX and CFDs. Before that, he spent three years at Cyprus-based Alfa Capital Markets, first as the Head of Institutional FX Sales and then as the Head of Institutional Sales.

Other prominent brands where Gibson held crucial positions are BCS Financial Group, Fastmatch, TradAirTradAir, ABN AMRO Clearing Bank, Fortis Bank Global Clearing, TraderTools, and a few others.

This article was written by Arnab Shome at

Feed from

MoneyMaker FX EA Trading Robot

Les mer
Key Revenue Recognition Questions Every Paytech Company Needs to Answer

Key Revenue Recognition Questions Every Paytech Company Needs to Answer

The payment services landscape has always posed regulatory challenges. From PCI-DSS to complying with BSA rules, paytechs have always invested resources into following the law. However, revenue recognition might be the most challenging process paytechs deal with.

More than recurring revenue firms, paytech companies find ASC 606 (the IRS revenue recognition guidelines) tough to decipher. While revenue recognition software automates several aspects of these workflows, it doesn’t always aid in analyzing base conditions.

Factors like principal versus agent and the nature of goods delivered blur in the payment services world, leading to challenges. Here are four questions that every paytech finance leader must have answers to before recognizing revenue.

Who is the customer?

ASC 606 defines a customer as an entity that orders goods and services in line with the seller’s ordinary activities. For some payment processors, identifying a customer is straightforward. Merchants are usually the customer, since they’re the ones requiring payment processing services.

However, other payment processing entities can find themselves in a gray zone. For instance, a payment facilitator (payfac) entering a contract with an independent sales organization (ISO) might find answering this question a bit tricky. The ISO resells the payfac’s product, but who is the customer here? Is it the merchant or the ISO?

In most cases, payfacs tend to earmark the ISO as a customer, but this arrangement needs special examination if the payfac delivers support services directly to merchants.

A similar scenario arises if a payfac integrates with an independent software vendor (ISV.) The ISV facilitates payments for individual merchants on its platform, and merchants reach out to the payfac directly when issues arise. Is the ISV or the merchant the customer in this case?

Practically speaking, payfacs tag ISVs and ISOs as their customers, but it’s recommended that finance teams turn to experts for help in determining if their business conditions might throw this arrangement awry.

What are the promised goods and services?

On the surface, identifying the specified goods and services is simple. However, a paytech’s choices in identifying them have a knock-on effect on the remaining guidelines in ASC 606.

As a result, classifying services becomes challenging in a hurry. For instance, some payment processors facilitate access to the acquiring bank, acting as a payment gateway. In this case, the gateway is clearly the service offered.

However, many processors also act as an outsourced payment tech stack, offering everything from infrastructure to transaction clearing. In this case, they bill clients for these services as a package. However, per ASC 606’s requirements, recognizing services as part of a bundle isn’t so straightforward.

The guidelines state that each service must be distinct and separately identifiable to qualify as a separate service. Is preauthorization distinct from authorization? Is batching distinct from routing? Probably not, since no customer prefers one without the other, failing the “distinctiveness” test.

Paytechs can recognize these features as combined services, but this puts them in a different position when identifying as a principal or agent (as we’ll detail below), and that complicates revenue recognition.

In short, paytechs must tread carefully with this ASC 606 guideline since their choices here have knock-on effects down the road. While identifying services is simple, choosing to recognize them as distinct ones or a bundle is a task for a person with revenue recognition expertise.

Is the platform the principal or agent?

Principal and agent determination is likely the most important aspect of a paytech’s revenue recognition workflow. The company’s choice directly impacts the revenue it records on its income statement. Briefly, companies acting as principals record gross revenue earned from the service on their books.

A principal paying fees to other parties in the ecosystem will recognize that money as the cost of goods sold (COGS). In contrast, agents record net revenue earned from the service as total revenue earned on their books. Using the same example, a principal will deduct fees paid to other entities from top-line revenue and record that number as total revenue on its books.

This choice significantly affects revenues since the difference between gross and net revenue earned from a service is significant.

At first glance, paytechs might be tempted to tag themselves as principals and recognize their services as a bundle. However, the IRS mandates that principals control every aspect of the service they deliver. Does a paytech really control authorization workflows, or does the acquiring bank do so? Most payment industry professionals will say the bank controls authorization, along with prices in that workflow.

Faulty recognition at this point will lead to hefty fines. Paytechs must use the services of qualified auditors to help them navigate this choice, since it heavily impacts their bottom lines.

What are the performance obligations?

Identifying performance obligations lies downstream from the principal versus agent question.

The two questions are directly tied to each other, and many auditors consider the issues to be two parts of the same criterion. However, there are a few distinct points to warrant making this a separate criterion.

For starters, companies acting as principals must tag services they fully control as a combined performance obligation, recognizing the gross revenue they receive from it. When acting as an agent, the company must identify distinct services, tag them as separate performance obligations, and record net revenue.

Often, paytechs will run into issues at this step. Their distinct service might not stand out as a performance obligation due to timing and delivery modes, leading to revenue recognition confusion.

As always, using the services of a highly qualified auditor is critical to getting this step right.

Getting revenue recognition right is critical to growth

Revenue recognition for paytechs is far more complex than other businesses due to the nature of services offered. Paytech firms must walk themselves through the questions above with the help of a qualified professional to determine where they stand.

This article was written by FM Contributors at

Feed from

MoneyMaker FX EA Trading Robot

Les mer